Selasa, Agustus 12, 2008

Lower demand for the dollar in daily auction

Demand for the dollar was lower in the Central Bank of Iraq's (CBI) auction on Tuesday, registering at $140.715 million compared to $168.190 million on Monday.

"The demand hit $31.715 million in cash and $109 million in foreign transfers outside the country, all covered by the bank at an exchange rate of 1,187 Iraqi dinars per dollar, one tick lower than yesterday," an official source from the bank told Aswat al-Iraq - Voices of Iraq - (VOI).

The 15 banks that participated in the auction offered to sell $2 million, which the bank bought at an exchange rate of 1,185 Iraqi dinars per dollar.